Kuala Lumpur Metro Group (KL Metro) is eyeing China and Vietnam to expand its resort development business, said managing director Low Tak Fatt.
‘We are still in negotiations with the local parties there. Once the project is firmed up, we will make an announcement,’ he told a media conference here yesterday.
It is understood that if the negotiations were successful, it would be KL Metro’s first venture outside Malaysia. At the press conference, Mr Low announced the completion of the company’s second water homes project, the Legend International Water Homes in Port Dickson, Negeri Sembilan.
The first was the Legend Water Chalets. The resort will be managed by Legend Group of Hotels and Resorts.
Mr Low said a soft opening for the Legend International Water Homes was scheduled this Sunday and an official opening at mid-2010. ‘Most of the buyers are from Hong Kong, UK, Singapore, United Arab Emirates and Macau. They are mostly private investors who buy the units and lease them back to us for a certain period,’ he said. Continue reading
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